Lordstown Motors Chief Executive, Finance Chief Resign

  • 📰 WSJ
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Lordstown Motors said its CEO and finance chief resigned and that some disclosures about preorders for its planned electric trucks were inaccurate

Lordstown Motors Corp. said its chief executive and top financial leader have resigned.

Lordstown Motors, which plans to build electric trucks at a plant in Ohio, on Monday said Steve Burns, its CEO, and Julio Rodriguez, its finance chief, have moved on from the company. Mr. Burns also stepped down from the company’s board, according to Lordstown Motors. Mr. Burns declined to comment. Efforts to reach Mr. Rodriguez, including asking for comment through a company spokesman, weren’t immediately successful.

The company also said Monday that a special board committee found that some disclosures it made about preorders for the truck it hopes to manufacture were inaccurate, but largely rejected a report about Lordstown Motors from short seller Hindenburg Research., which in a March report said that Lordstown Motors had misled investors about the strength of its preorder reservations and progress toward starting production of an electric truck.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Hoping this isn’t a repeat of Phar-Mor.

You knew something was wrong if you had read my newsletter this weekend. Pre-orders we’re the subject of the SEC subpoenas. Sounds like a revenue recognition problem. BTW the company did not respond to my request for comment Friday.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 98. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Stocks making the biggest moves premarket: Novavax, Lordstown Motors, Phillips, Chipotle and othersThese are the stocks posting the largest moves before the bell.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Stocks making the biggest moves premarket: Novavax, Lordstown Motors, Phillips, Chipotle and othersThese are the stocks posting the largest moves before the bell.
Källa: CNBC - 🏆 12. / 72 Läs mer »